F|T: The FinTech Times – Equibit plays damage control

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

In addition to the funding round, Stripe is getting a revolving credit facility of up to $250 million. The idea is to extend Stripe’s borrowing capacity at a time when interest rates are low, but not its debt.

Instead, the bank will focus its blockchain efforts on internal development and investments in specialists. It has already made multi-million dollar bets on two startups in the field: Circle and Digital asset Holdings.

The UK government has promised to pump £500,000 a year into FinTech specialists and launch a network of regional FinTech envoys as it seeks to shore up the country’s position as a leading sector player in the post-Brexit era.